Smartphones, solar panels, and laptops: What we get from the highest tariffed countries
Technology and oil could get whacked pretty hard by the new tariffs.
President Trump’s worldwide tariffs on pretty much all imports to the US are not distributed equally.
Two-thirds of the countries listed in Trump’s plan (including the ones populated exclusively by penguins) get the baseline 10% tariff rate applied to their exports to the US, while some unexpected regions have been whacked with a huge tariff, like Lesotho’s 50% rate or Cambodia’s 49% rate.
We took a look at 2024 US import data for the regions with the top 10 steepest tariffs to see what kinds of goods will get hit the hardest. We excluded any category with less than $1 billion worth of goods.
Cambodia’s 49% tariff will likely affect the solar panels it exports to the US, which was its top category imported last year, adding up to $1.32 billion.
Vietnam’s 46% tariff rate will be especially hard for Nike, but it will also hurt laptop manufacturers that make their computers in the country like Apple, Dell, and HP.
China will be bearing a steep 34% tariff on all exports to the US, which will no doubt show up in the smartphones made in the country, of which $41.3 billion were imported last year. This morning, China announced it was slapping a 34% reciprocal tariff on all American goods.
